Ust-Lebed (Russian: Усть-Лебедь; Altay: Куу-Оозы, Kuu-Oozı) is a rural locality (a selo) in Turochakskoye Rural Settlement of Turochaksky District, the Altai Republic, Russia.

Ust-Lebed is located at the confluence of the Lebed and Biya Rivers, 11 km northwest of Turochak (the district's administrative centre) by road.

Lebedskoye is the nearest rural locality.

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